Credit Manager

Florence Bank•Northampton, MA

13h•Hybrid

About The Position

Florence Bank is seeking a Credit Manager to operate at an officer level within the organization. This role manages the Commercial Credit Department and assists Senior Management in the formulation of loan policy, strategic planning, budgeting, department structure, documentation, and maintaining the integrity of the loan portfolio. The Credit Manager will also manage, coach, and evaluate the performance of department staff to ensure effective performance, excellent service, and strong employee engagement.

Requirements

A Bachelor’s degree or equivalent experience in business with a concentration in finance and accounting.
Three to five years’ experience in managing a commercial credit department or five to eight years’ experience as a Credit Analyst with demonstrated team leadership capabilities.
Demonstrated experience as a trainer of Credit Analysts with a passion for employee development.
Strong interpersonal, verbal, and written communication skills.
Demonstrated strong computer skills, including proficiency with Word and Excel.

Nice To Haves

A graduate degree is helpful.
Knowledge of Loan Vantage operating system is a plus.

Responsibilities

Consistently provides superior professional service to internal and external customers.
Consistently meet expectations of teamwork, punctuality, and regular, reliable attendance.
Prepares detailed credit analysis on existing and proposed credit relationships to include financial stability, collateral coverage, debt service capacity and management strength.
Trains and directs the Credit Analysts in the analysis of existing and proposed credit facilities, including but not limited to statement spreading, ratio analysis, loan structure, collateral analysis, documentation, risk assessment, general economic stability and industry concerns, line of credit renewals and commitment letters. Reviews all credit analysis completed by Credit Analysts and Loan Officers.
Effectively performs in the area of employee management and development through conducting regular staff meetings; monitoring staffing levels; demonstrating strong communication, coaching, and training of staff; conducting performance evaluations; focusing on staff development; and ensuring employee engagement.
Reviews risk ratings for all commercial loans/mortgages to insure the viability and integrity of the respective loan portfolios.
Works with loan officers and senior management in the structure, presentation, negotiation, and documentation of existing and proposed loan relationships.
Reviews and updates loan policy. Monitors loan covenant compliance on existing loan relationships and coordinates/monitors desk followed lines of credit.
Serves on various committees as directed by Senior Management in the areas of loan policy, budgeting, strategic planning, and external support systems.
Maintains credit/collateral files on an ongoing basis to insure they are current and complete with respect to credit comments, financial statements, and risk rating assessment.
Performs site inspections of commercial real estate on conformity with loan policy.
Maintains internal tickler files to support review process. Prepares in-depth reports for presentation to Senior Management and the Board of Directors and/or Board of Investment.
Works with external loan review in the completion of the Bank’s annual audit.
Implements and manages the Exception Managed loan portfolio.
Reviews Regulation B files.
Assumes additional responsibilities, as requested.